Turkey to freeze assets of two Libyan investment entities

Turkey has made a decision of freezing assets of the Libyan Africa Investment Portfolio including the Libyan Investment Authority together with United Nations Security Council’s decision.

On May 20, the following decision to freeze the assets of both legal entities got published in the issue of the official Gazette, stating that former Libyan leader Muammar Gaddafi and his family took Libya Africa Investment Portfolio which is one of the institutions, the under control.

Libya has been in turmoil since a 2011 NATO-backed uprising killed longtime dictator Gaddafi, with rival armed factions still vying for power.

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